🚀 Metaverse Tax Lab? Prof. Christine Kim suggests the metaverse could be a "laboratory for experimenting with cutting-edge policy" in her research paper "Taxing the Metaverse." Key points:
- Wealth created in the metaverse should be regulated under tax code
- Governments could track and tax income immediately upon receipt
- Proposed changes: tax unrealized gains and income, even if they remain in the metaverse
- Enforcement options: platforms withhold taxes or send tax info to users for self-filing
Could this shake up U.S. tax law? Stay tuned!